I like to find some R and have a sign of exhaustion. Its all personal choices. It dont always make 0764 again. So it's best to have multiple reasons reasons. Plus have to R/R to one's advantage. That's why I like to have adr as a guide. A exhaustion sign near 60 over adr, is better than one at 10 over adr.
0790 being on the lower scaled places. If I thought the trend more bearish, 0790 is better than where price was earlier.
I didnt mention 0788.. 0788 places 0764 1/2 way to 0753.
So if 0788 would force it lower. 0764 would pp. with 0753 the same length on the dog chain.
0753 is where I hope support would be. But if it can't hold. Friday it did hold. A bullish sign.
0790 being on the lower scaled places. If I thought the trend more bearish, 0790 is better than where price was earlier.
I didnt mention 0788.. 0788 places 0764 1/2 way to 0753.
So if 0788 would force it lower. 0764 would pp. with 0753 the same length on the dog chain.
0753 is where I hope support would be. But if it can't hold. Friday it did hold. A bullish sign.
those who can, do. those who cant, talk about those who can